Stock Markets Rise Despite US Inflation Report: Investors Optimistic about Interest Rate Cuts
Stock markets rose on Tuesday after investors ignored the US inflation report, which did not change expectations about interest rate cuts. The Labor Department said the annual rise in the consumer price index reached 3.2 percent last month, while core inflation, which excludes volatile food and energy prices, rose 3.8 percent. Agence France-Presse quoted Joe … Read more